Subsea
ONC to Monitor for Earthquakes Off British Columbia
Ocean Networks Canada (ONC), an initiative of the University of Victoria, will develop a regional earthquake early warning system for southern British Columbia. Naomi Yamamoto, minister of state for emergency preparedness, announced that $5 million will go to Ocean Networks Canada (ONC) and their pa
Royal Navy Discovers German Torpedo at Scapa Flow
Royal Navy bomb disposal team has found a Second World War German torpedo at Scapa Flow in the Orkneys on March 01, 2016. The torpedo was found on the seabed after a routine sonar survey on behalf of Orkney Islands Council. It was also filmed using an underwater remotely operated vehicle (ROV). Foot
Matrix Nets Chinese Order
Matrix Composites & Engineering (MCE) has been awarded a contract to supply drilling riser buoyancy to an OEM manufacturer based in China. The contract is worth approximately AUD 6 million (USD 4.3 million), Matrix noted. The order is for a newbuild semi-submersible under construction at a shipyard
GC Rieber Wins PGS $9 Mln Claim Case
Bergen district court has dismissed claims of €9 million from seismic company Arrow Seismic (now PGS UK) against GC Rieber Shipping’s subsidiary Armada Seismic Invest II (Armada) in connection with the delivery of 3D seismic vessel Polar Duchess. Namely, in 2012 Arrow alleged that Armada had acted n
Seatronics Welcomes New Head of Finance
Seatronics, an Acteon company, has appointed Kevin Strachan as head of finance. The new role will require Strachan to lead the finance function in each of Seatronics’ global bases and divisions, the company said. Strachan holds a masters degree in accounting from Aberdeen University, and a chartered
Subsea 7 Axes 3600 Jobs in 2015
Oil services company Subsea 7 has recorded a loss at the end of fourth quarter on high impairments and lower fleet activity. Nevertheless, the net loss for the quarter decreased some 57 per cent to $421 million, compared to a net loss of $977 million in the prior-year quarter, considering the Q4 201
JOGMEC Extends Seychelles Joint Survey Agreement
Japan Oil, Gas and Metals National Corporation (JOGMEC) has signed an extension to the joint survey agreement for the evaluation of the hydrocarbon potential in offshore Seychelles among Ministry Responsible for Hydrocarbons and PetroSeychelles Ltd on March 1, 2016. JOGMEC has been conducting geolog
Island Offshore Loses NOK 365 Mln in 2015
Island Offshore, a subsidiary of Edison Chouest Offshore and Ulstein, reported revenue of NOK 508 mill in Q4 2015, down from NOK 711 million in Q3 2015, and also lower than the same quarter last year. Fleet utilization in Q4 was 68% including vessels in lay-up. Revenue from the PSV fleet increased i
Normand Subsea to Carry On for Subsea 7
Subsea 7 has exercised its option to extend the existing Normand Subsea contract by approximately three and a half years, following renegotiation of terms and conditions, the Oslo-listed Solstad informed on Wednesday. The new contract extension will start in June 2016, with an option for Subsea 7 to
Production Begins from Dana Gas’ Zora Field in U.A.E
Dana Gas has started the sales gas production from the Zora Gas Field, located in the Sharjah Western Offshore Concession. Subsequently sales production was delayed due to urgent maintenance work on gas supply infrastructure at the customer’s receiving facilities. The Zora Gas Field is located appro
Boskalis Welcomes New Member
Boskalis has appointed Bram Gräber (50) as group director Maritime Services for its Offshore Energy division. Gräber will be responsible for the maritime services activities including heavy marine transport and subsea services within Boskalis. Peter Berdowski, CEO Boskalis: “We are very excited that
Subsea 7 Nets BP Extension Offshore UK
Subsea 7 has secured an extension to the existing contract by BP for the provision of Subsea Construction, Inspection, Repair and Maintenance (IRM) services in the North Sea. Under the terms of the agreement, Subsea 7 will provide BP with an additional two years of cost-effective IRM delivery, exten
SEA-ME-WE 5 Subsea Cable Lands in France
The South East Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) submarine cable, to be operational in the second half of 2016, landed at the submarine cable Station of la Seyne-sur-Mer, South of France. This new 20,000 km-long fiber optic cable will connect France to Singapore, serving 17 countries:
Subcon Delivers Port Macquarie Artificial Reef
Subcon has delivered its 6th offshore artificial reef project in two years. The design includes 20 fibre reinforced concrete ReefTemple modules each fitted with a steel BaitTower. The modules weigh over 23Te each and stand between 6.5m and 10m tall. They have been installed in approximately 45m wate